Anyone enrolled in COBRA?

[Corporate Thug]

So I'm changing jobs starting Tuesday and my new employer has a three month wait period for medical benefits. I was wondering if I would be eligible for COBRA if a VOLUNTARILY left my old work (i.e. my position was not terminated; not laid off)? If so, how would I go about enrolling?

Thanks.

 

[sixone]

Yes, federal law says you are eligible for COBRA if your former employer has more than 20 employees.

 

[darkswordsman17]

Sweep the leg.

 

[sixone]

Your former employer is also required by law to provide you with a letter explaining your COBRA rights, and telling you how to enroll.

You have sixty days from the date of that letter to respond, and then forty-five days to pay premiums.

 

[MagnusTheBrewer]

COBRA is a governmental myth. No one who can afford it really needs it.

 

[chusteczka]

Yes, you are eligible even if you voluntarily leave your employer. Expect to receive your COBRA enrollment information about a month after leaving your employer.

My statement is based on personal experience from when I voluntarily left my last job two years ago.

 

[Gibson486]

COBRA is a governmental myth. No one who can afford it really needs it.

yup. the only reason I was able to get Cobra was because my former employer paid for it. It was something like $450 a month. I can't afford that while on unemployment. It was actually cheaper to get a single plan for myself independently. Granted, to get a plan that had matched benefits to my former employer was only slightly cheaper when getting a plan myself.

 

[DominionSeraph]

Been a member since the 80's.

 

[brblx]

COBRA is a governmental myth. No one who can afford it really needs it.

this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.

 

[darkxshade]

Just live in a bubble for the next 90 days and save yourself some money.

 

[Corporate Thug]

yup. the only reason I was able to get Cobra was because my former employer paid for it. It was something like $450 a month. I can't afford that while on unemployment. It was actually cheaper to get a single plan for myself independently. Granted, to get a plan that had matched benefits to my former employer was only slightly cheaper when getting a plan myself.

Good lord, that's ridiculous. An insurance agent quoted me $270 a month for a PPO with superior benefits...

 

[EagleKeeper]

Good lord, that's ridiculous. An insurance agent quoted me $270 a month for a PPO with superior benefits...

You had better look closely as to what you actually are getting.

It may be a limited PPO which has ceilings on what you actually are covered. Agents do not mention this.

Not to say that you may have lucked out, but compare apples to apples; line by line coverage.

MD visits may be covered - but only 3-4 year. If you require a followup visit - that counts toward your yearly limit.
What actually is covered for ER visits, ambulances, etc

 

[Sonikku]

Cooooooooobraaaaaaa!

 

[WackyDan]

this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.

That hasn't been my experience. My full rate was about $40 more than what my cost + employer was.

 

[brblx]

the last cobra i got offered was about $800. i'm in my 20's.

 

[sixone]

this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.

Under federal law, insurance companies cannot charge more for COBRA than the combined amount paid by the employer and employee.

And remember, "progressives" want to take the employer out of the equation, so that they don't share the cost with you anymore.

 

[Fritzo]

GO JOE!

 

[brblx]

Under federal law, insurance companies cannot charge more for COBRA than the combined amount paid by the employer and employee.

And remember, "progressives" want to take the employer out of the equation, so that they don't share the cost with you anymore.

'progressives' want this thing called 'government run healthcare' so that corporations will quit raping them in the ass. you know, like the rest of the civilized world.

but it's cool, 'sup africa?

also funny i don't think my employer was paying 600 a month for my HMO.

 

[sixone]

'progressives' want this thing called 'government run healthcare' so that politicians will be raping them in the ass. you know, like the rest of the civilized world.

but it's cool, 'sup africa?

ffy

 

[Spikesoldier]

cobra plan is for CEO's who want the same cadillac health insurance plans they had, paid for by their golden parachute separation payout they earned.

 

[brblx]

ffy

and who pays the crooked politicians, dumbass?

 

[sixone]

and who pays the crooked politicians, dumbass?

They're called voters. Aka intangible assets.

 

[Svnla]

OP, if you are like me (healthy and have some emergency backup fund), get a high deductible and low premium health policy from one of the large insurance companies. Again, ONLY if you are healthy and have some money just in case. Don't do it if you have pre existing health issues.

 

[brblx]

They're called voters. Aka intangible assets.

bzzzt.

unless you actually think they're living on their paltry salaries. you can't feed the children on 200k a year, sheesh.

 

[the DRIZZLE]

this. i like how you can know the amount your employer pays for your insurance, and the amount you pay...and the COBRA is twice the price of both combined.

gee what's wrong here? oh, that's right, that whole 'million/billionaires profiting off the suffering of the poor' thing. technically i guess COBRA is more of a corporate myth enacted by some of the of the politicians they bought.

100% false. The most they are allowed to charge you for COBRA is the total cost of the policy plus a small administrative fee. I believe the fee is capped at 3% of policy cost.